122 E Forteen Mile RdDafterMI49724
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid, durable, and financeable, 122 E Forteen Mile Rd, Dafter, MI, 49724 in Dafter earns a 9.97% gross yield at $289,000. Rent of $2,400/mo nets $494/mo after the $1,300/mo mortgage. The 1.85 DSCR signals clean DSCR underwriting through Ziffy Mortgage, with no personal income verification required. Five-year value growth of $79,845 and $2,662/yr in equity accumulation project a total cumulative return of $141,880.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10% | 9.0% |
| Monthly Cash Flow | $494 | $450 |
City averages based on Dafter market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,400 |
| Total Monthly Debt Service | $1,791 |
| DSCR Ratio | 1.34x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1978
2.81 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49724, Dafter, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 519 (100%) |
| Owner Occupied HU | 416 (80.2%) |
| Renter Occupied HU | 33 ( 6.4%) |
| Vacant Housing Units | 70 (13.5%) |
| Median Home Value | $187,273 |
| Average Home Value | $203,708 |
Housing Distribution
Address Breakdown
Residential
503
Single Family
503
Multi-Family
0
Businesses
16
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Single Family
Built in 1978
2.81 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49724, Dafter, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 519 (100%) |
| Owner Occupied HU | 416 (80.2%) |
| Renter Occupied HU | 33 ( 6.4%) |
| Vacant Housing Units | 70 (13.5%) |
| Median Home Value | $187,273 |
| Average Home Value | $203,708 |
Housing Distribution
Address Breakdown
Residential
503
Single Family
503
Multi-Family
0
Businesses
16
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Leah Jackson • KW Northern Michigan Properties
Mls Name: EUPBR
Mls Provider:
Mls ID: #25-230
Disclaimer: Copyright Eastern Upper Peninsula Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed. The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed.